What Is the Stopping Rule for Choosing One's Years of Schooling

question 12

Multiple Choice

What is the stopping rule for choosing one's years of schooling?

• A)End one's schooling when the return from more schooling is zero.
• B)End one's schooling when the cost of one more year of schooling is zero.
• C)End one's schooling after college.
• D)End one's schooling when the rate of return to one more year of schooling equals the worker's rate of discount.
• E)End one's schooling when the worker's rate of discount equals zero.

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Definitions:

Needs Analysis

A systematic process to determine and address gaps between current conditions and desired conditions or needs.

External Recruiting

Is the process of looking to sources outside the organization for prospective employees.

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Assessment Center

A methodology used in the selection process involving a series of tests, exercises, and interviews to evaluate candidates' suitability for specific roles or promotions.